Post Office boss to step down from role next year

Post Office brag Nick Read volition measurement down from his relation adjacent year, the institution has said.

The main enforcement had already stepped backmost from front-line duties saying helium wanted to springiness his "entire attention" to the last signifier of the enquiry into the Horizon IT scandal.

The enquiry is scrutinising failings implicit the wrongful prosecutions of hundreds of sub-postmasters based connected faulty accounting bundle which made it look arsenic though wealth was missing from branches.

On Wednesday, the Post Office said Mr Read would depart successful March 2025.

Mr Read described it arsenic a "great privilege" to person worked arsenic Post Office main enforcement successful an "extraordinarily challenging clip for the concern and for postmasters".

"There remains overmuch to beryllium done for this large UK instauration but the travel to reset the narration with postmasters is good nether mode and our enactment to enactment justness and redress for postmasters volition continue," helium added.

Mr Read joined the institution successful 2019, agelong aft the prosecutions, and has not appeared earlier the enquiry before.

The Post Office Horizon IT enquiry began successful 2022 and has heard grounds from scores of victims and executives who worked astatine the Post Office during the scandal.